Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against BingX+0.085%66s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$960.965% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.085%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.136% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.051%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TWT-USDT | 0.5853 | 0.0100 | pay 0.0050% / 4h | 51m 58s | — | $2.5M | — |
| Short | BloFin TWT-USDT | 0.5858 | 0.0156 | get 0.0078% / 4h | 51m 58s | $257K | $12K | 75x |
BingX TWT-USDT
BloFin TWT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.67
- Price spread: +0.085% → −0.051%
- $13.63
- Slippage, 4 orders
- −$74.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.17
- Costs to cover
- 0.965%
- Break-even
- 49.7 days
Slippage from BingX: live order book, 13 min ago; BloFin: live order book, 47 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 13 min ago | 3.41 bp | 22.5 bp −$22 | 70.6 bp −$706 | 433.1 bp −$43.3K | 534.3 bp −$267.1K |
| Sell BloFin live order book, 47 min ago | 1.71 bp | 26.4 bp −$26 | 69.6 bp −$696 | doesn't fit | doesn't fit |
TWT on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TWTUSDT | +0.0100% | 4h | 0.5853 | 0.000% | $3.9M | $2.2M | 75x | as long as short |
| Bybit TWTUSDT | +0.0100% | 4h | 0.5857 | +0.068% | $5.2M | $859K | 25x | as long as short |
| Gate TWT_USDT | +0.0100% | 8h | 0.5861 | +0.137% | $265K | $105K | 50x | as long as short |
| MEXC TWT_USDT | +0.0100% | 4h | 0.5854 | +0.017% | $6.8M | $148K | 125x | as long as short |
| KuCoin TWTUSDTM | +0.0100% | 4h | 0.5857 | +0.070% | $819K | $902K | 30x | as long as short |
| BingX TWT-USDTlong | +0.0100% | 4h | 0.5853 | long leg | — | $2.5M | — | |
| Variational Omni TWT | +0.0100% | 4h | 0.5859 | +0.095% | $224K | $1K | — | as long as short |
| BloFin TWT-USDTshort | +0.0156% | 4h | 0.5858 | +0.085% | $257K | $12K | 75x |
Binance TWTUSDT
Bybit TWTUSDT
Gate TWT_USDT
MEXC TWT_USDT
KuCoin TWTUSDTM
Variational Omni TWT